Fidessa

Fidessa
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Fidessa Group plc Fidessa.svg
Type Public (LSE: FDSA)
Industry Software
Founded 1981
Headquarters London, UK
Key people John Hamer (Chairman of the board)
Chris Aspinwall (CEO)
Products Trading systems, market data
Revenue £278.3 million (2011)[1]
Operating income £42.1 million (2011)[1]
Net income £29.9 million (2011)[1]
Employees 1,500 (2009)
Website www.fidessa.com

Fidessa Group plc is a British-headquartered company which provides software and services such as trading systems to clients in the financial services sector. The firm also provides market data and related services to buy side and sell side financial services customers.

The company is headquartered in Woking with offices in London, New York, Boston, Tokyo, Hong Kong, Paris, Toronto, San Francisco, Belfast, Singapore, Bahrain, Sydney and Sao Paolo. It is listed on the London Stock Exchange and is a member of the FTSE 250 Index.
Contents

1 History
2 Operations
2.1 Market penetration
2.2 Products
2.3 Clients
3 References
4 External links

History

The Company was originally founded in 1981 as Intercom Data Systems (IDS): it was later renamed royalblue Group plc,[2] and consisted of two separate operating divisions, royalblue Financial and royalblue Technologies. royalblue Financial concentrated on the financial trading platform that has become Fidessa today, and royalblue Technologies centred around two separate products - rostrvm,[3] a call centre technology platform, and HelpDesk for Windows. It has been listed on the London Stock Exchange since 1997.[4] In 2001 the company divested itself of the Technologies division and focused entirely on the Financial business.

With the group's core trading platform, Fidessa, being better known in the market place, the Royalblue Group plc changed its name to Fidessa Group plc following shareholder approval at the AGM held in April 2007.[5] The change of name took effect on 1 May 2007.

In April 2007 the company also bought out the privately owned buy side trading provider LatentZero.[6] This was then rebranded as Fidessa LatentZero.[7]

In November 2008, Fidessa launched its Fidessa Fragmentation Index (FFI).[8] This helps to show how fragmented stocks are across exchanges following the MiFID European landscape. Since its inception it has highlighted as one of the most interesting technical developments in the financial sector in 2008 by Finextra.[9] The FFI project was extended in November 2009 with the launch of the award winning Fragulator.[10] In April 2011 Fidessa launched the Tradalyzer that provides detailed trading analysis.[11]
Operations
Market penetration

Around 70% of all securities transactions in London are handled by Fidessa systems.[12]
Products

Fidessa

A sell-side suite used by 85% of the tier one global equity brokers.[13] It provides trading, market data, order management and execution capabilities.

Fidessa LatentZero

A buy-side suite comprising three main products: Minerva, Sentinel, and Tesseract. Sentinel is used by 8 out of 10 of the largest global asset managers for pre-trade and post-trade compliance checks. It was named Buy-Side Product Of The Year in 2008 and 2009.[14] Minerva is an Order Management System (OMS), and provides trading, order management, portfolio modelling and execution capabilities. Tesseract is a portfolio management tool.

FIX Network

In addition to a trading platform, Fidessa host a broker neutral FIX-enabled execution network. This has a large number of brokers connected to it and is similar to other inhouse FIX networks, such as the LSE Hub, the SunGard Transaction Network (STN) and Thomson Reuters subsidiary TradeWeb's Autex Trade Route.

HFT Platform

Because of a radical overhaul to the matching engine at the Tokyo Stock Exchange.[15] A boom in High frequency trading in Asia has begun. Fidessa has developed an Ultra Low Latency Direct Market Access platform. (ULLDMA). Based upon the Asian focused JMIS Line handlers, Fidessa's HFT platform includes Pre-trade risk checks, integration with Algo engines and other rich functionality purposely designed to help Brokers and High Frequency traders. Even though the system includes rich functionality, performance through the Gateway, like all HFT systems, is measured at the Microsecond Level.[16]
Clients

Fidessa's clients tend to be mid to large size financial institutions.
References

^ a b c "Preliminary Results 2011" (PDF). Fidessa. Retrieved 2012-04-09.
^ Royalblue Group Forbes, 2000
^ Rostrvm Solutions: Website
^ Fidessa: Corporate
^ "Royalblue to change name, looking for acquisitions". Reuters. 12 February 2007.
^ Royalblue to acquire LatentZero press release, 17 April 2007
^ Bobsguide - Fidessa Latentzero Minerva Oems Provides Access To Fx Connect
^ Fidessa Fragmentation Index (FFI)
^ Fidessa fragmentation index recognised as major innovation
^ Fragulator
^ Fidessa unveils Tradalyzer in Canada Automated Trader, 17 August 2011
^ Sandle, Paul (16 February 2009). "Fidessa beats FY forecasts, sees 2009 growth". Reuters. Retrieved 2009-03-13.
^ About Fidessa
^ Sentinel and EMS Workstation take top awards at Buy-Side Technology Awards
^ Trading in Tokyo Enters the Microsecond level
^ Trading systems deliver less than 1ms delay

===

Author Mandelsputin View Profile Add to favourites Ignore
Date posted today 14:13
Subject A question for pro traders
Votes for this Posting
Message
As a complete nincompoop as far as trading goes, I wonder whether any pro traders would like to comment on the following (a post picked up from a trading site by an old timer to the trading game).

----------------------------------------

"You might know all about the big institutions and their boy wonder currency trader, or the girl out of MIT that has a new algorithm for options...but what you may not know is that even THEY are being replaced.

The Market is all set up to discount any indicators designed to predict the market movement. The institutional traders and the Market Makers know when individual traders are waiting for predictive indicators to appear in order to enter or exit their trades.

And, to add insult to injury, not only do they know what you are waiting for, they will beat you to the trade every single time because in most cases you are trading against a computer, not a human being.

Moving averages, MACD, Stochastics, Gann Theory, Elliott Waves, Fib Numbers, etc. no longer work because HFT programs analyze the front-end order flow database not the back-end trades like indicators do. They do not need standard formulas.

"

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Just interested to learn....

...especially from the likes of STM...if you would be so kind.